Emerging market bond awards 2011

EuroWeek asked emerging market teams at the leading investment banks in the international bond markets for their views on the best deals of 2011. Bankers nominated their preferred deals for a shortlist. Then, excluding the deals they had worked on, they were asked to choose the best deals from that shortlist. Here are the results.

  • 20 Jan 2012
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OVERALL EMERGING MARKET DEAL OF THE YEAR

1. IPIC

€1.25bn 4.875% May 2016

€1.25bn 5.875% March 2021

£550m 6.875% March 2026

BNP Paribas, Crédit Agricole, Deutsche Bank, Goldman Sachs, Santander, UniCredit

2. VimpelCom

$200m June 2014 FRN

$500m 6.2546% March 2017

$1.5bn 7.5043% March 2022

Barclays Capital, BNP Paribas, Citi, ING, HSBC, Royal Bank of Scotland

3. Republic of Hungary

$3bn 6.375% March 2021

$750m 7.625% March 2041

BNP Paribas, Citi, Deutsche Bank


EMERGING MARKET SOVEREIGN DEAL OF THE YEAR

1. Republic of Hungary

$3bn 6.375% March 2021

$750m 7.625% March 2041

BNP Paribas, Citi, Deutsche Bank

2. Republic of Turkey

¥180bn 1.87% March 2021

Daiwa, Mizuho, Morgan Stanley

3. Republic of Namibia

$500m 5.5% November 2021

Barclays Capital, Standard Bank


ISLAMIC FINANCE DEAL OF THE YEAR

1. Emaar Sukuk

$500m 8.5% August 2016

HSBC, Royal Bank of Scotland,
Standard Chartered

2. Malaysia

(Wakala Global Sukuk)

$1.2bn 2.991% July 2016

$800m 4.646% July 2021

CIMB, Citi, HSBC, Maybank Investment Bank

3. Bahrain

(CBB International Sukuk)

$750m 6.265% November 2018

BNP Paribas, Citi, Standard Chartered


EASTERN EUROPEAN DEAL OF THE YEAR

1. Republic of Hungary

$3bn 6.375% March 2021

$750m 7.625% March 2041

BNP Paribas, Citi, Deutsche Bank

2. VimpelCom

$200m June 2014 FRN

$500m 6.2546% March 2017

$1.5bn 7.5043% March 2022

Barclays Capital, BNP Paribas, Citi, ING, HSBC, Royal Bank of Scotland

3. Russian Federation

Rb40bn (increased to Rb90bn) 7.85% March 2018

Deutsche Bank, HSBC, JP Morgan,

Renaissance Capital, VTB Capital


EMERGING MARKET FINANCIAL INSTITUTION DEAL OF THE YEAR

1. Alfa-Bank

$1bn 7.75% April 2021

Alfa-Bank, Goldman Sachs, UBS

2. Bancolombia

$1bn 5.95% June 2021

Bank of America Merrill Lynch, JP Morgan

3. Sberbank

$1bn 5.717% June 2021

Deutsche Bank, HSBC, JP Morgan,
Royal Bank of Scotland


EMERGING MARKET RESTRUCTURING DEAL OF THE YEAR

1. Mobile TeleSystems

Consent solicitation $1.5bn of
2012 and 2020 bonds

Royal Bank of Scotland

2. Odebrecht

$1.1bn of April 2014, October 2017
and April 2020 bonds

Bank of America Merrill Lynch, HSBC

3= Emirates NBD

Exchange of $514m lower tier two bonds

HSBC, UBS

3= Republic of Senegal

$500m 9.125% May 2021 new issue
and exchange

Standard Bank, Standard Chartered


MIDDLE EASTERN DEAL OF THE YEAR

1= Emirates Airlines

$1bn 5.125% June 2016

Deutsche Bank, Emirates NBD, HSBC,
Morgan Stanley

1= IPIC

€1.25bn 4.875% May 2016

€1.25bn 5.875% March 2021

£550m 6.875% March 2026

BNP Paribas, Crédit Agricole, Deutsche Bank, Goldman Sachs, Santander, UniCredit

3. Türk Eximbank

$500m 5.375% November 2016

Barclays Capital, Citi, Commerzbank, ING


LATIN AMERICAN DEAL OF THE YEAR

1. América Móvil

€1bn 4.125% October 2019

£500m 5% October 2026

Deutsche Bank, Credit Suisse, HSBC

2. América Móvil

$2bn 2.375% September 2016

$750m (tap) 6.125% March 2040

Bank of America Merrill Lynch, JP Morgan

3. Petrobras

$2.5bn 3.875% January 2016

$2.5bn 5.375% January 2021

$1bn 6.75% January 2041

BTG Pactual, Citi, HSBC, Itaú BBA,

JP Morgan, Santander


EMERGING MARKET CORPORATE DEAL OF THE YEAR

1. IPIC

$1.5bn 3.75% March 2017

$1.5bn 5.5% March 2022

$750m 6.875% November 2041

Barclays, Goldman Sachs, JP Morgan,
Mitsubishi, Natixis, Société Generale

2. VimpelCom

$200m June 2014 FRN

$500m 6.2546% March 2017

$1.5bn 7.5043% March 2022

Barclays Capital, BNP Paribas, Citi, ING, HSBC, Royal Bank of Scotland

3. América Móvil

€1bn 4.125% Oct 19 / £500m 5% Oct 26

Deutsche Bank, Credit Suisse, HSBC


WORST EMERGING MARKET DEAL OF THE YEAR

1. Republic of Serbia

$1bn 7.25% September 2021

Deutsche Bank, JP Morgan

2. Republic of Belarus

$800m 8.95% January 2018

BNP Paribas, Deutsche Bank,
Royal Bank of Scotland, Sberbank

3. Republic of Turkey

$1bn 6% January 2041

Barclays, Deutsche Bank, JP Morgan

  • 20 Jan 2012

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 344,234.82 1335 8.11%
2 JPMorgan 339,975.37 1458 8.01%
3 Bank of America Merrill Lynch 303,833.99 1046 7.15%
4 Barclays 256,068.68 961 6.03%
5 Goldman Sachs 226,910.60 765 5.34%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,845.71 193 6.57%
2 JPMorgan 45,135.56 102 6.33%
3 UniCredit 38,938.98 167 5.46%
4 Credit Agricole CIB 36,300.56 179 5.09%
5 SG Corporate & Investment Banking 35,514.25 137 4.98%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,088.48 62 8.97%
2 Goldman Sachs 13,469.15 66 8.58%
3 Citi 9,948.21 58 6.34%
4 Morgan Stanley 8,572.10 54 5.46%
5 UBS 8,391.04 36 5.34%